Cast your eyes down the list of the world's most valuable private technology companies and you might be put in mind of the 2008 Beijing Olympics. That's when China ran away with most of the gold medals. The same trend is evident in the list of technology "unicorns" worth $1bn or more. All lists of private companies contain degrees of subjectivity and error, but the Wikipedia ranking of unicorn start-ups by value offers a peek into the future. Of the top 50 entries, 26 are Chinese and 16 are American. There are none from Europe. The Chinese also dominate the proportion of the most valuable of these companies. （China is winning the global tech race, by Financial Times）

Comment

The emergence of "unicorns" is closely related to the development of innovation globalization. In recent years, Chinese enterprises have been able to attract more attention on the world stage, which is inseparable from China's good innovation environment and the strengthening of IPR protection.

（Editor Li Xingyi）

（All contents of this newspaper may not be reproduced or used without express permission）